I know the "50% rule" is bandied about as gospel here in the forums, but haven't seen any actual, hard data that says that operating expenses tend to be ~50% of gross rent income. I'd like to verify this number is, in...
Plenty of people can purchase a house to live in. But how can you leverage that single home into many more real estate deals—enough to achieve financial independence? On today’s episode of The BiggerPockets Podcast we...
I recently purchased a 12 unit building which I would like to take from class C+ to class B+. There are two 3 bedroom units on the second floor and the rest are 2 bedrooms. I was just given notice (for November, not ...
I am looking for long-term rental property investment opportunities but none of the cities that are published as best places to invest meet the 1% rule. I looked into Huntsville, AL, and Columbus, OH which are referre...
I had someone contact me about selling his land. It's 1 Acre and it has an old abandoned Mobile home on it. It's been abandoned about 8 months. The land cam be used for commerical or residential. He inherited the l...
One of the outlets in one of my units looks like this... as you can see, the thing that should be on the front where you can plug in is missing... does this look broken or is there something I can buy at home depot to...
Everyone keeps talking about an incoming surge of home foreclosures. Over the past few years, online crash predictors shouted from the rooftops about how another foreclosure crisis is always on the way, and we’re only...
So I follow the news and listen to the BP podcasts and the signs are clearly flashing danger for MF syndications - high interest rates and short-term debt coming due, constrained bank lending, slowdown in rent increas...
I not really old. At least I don't think so, but I hate that every year more and more people are using text or Facebook Messenger as their main form of communication. Having a vacant unit this time of year is bad en...
Hello all,
I'm trying to decide on where I want to purchase my first investment property. I've been looking in both Rochester, NY and Buffalo, NY, but also looking at neighborhoods on the borders of these cities. I ...